In this issue

It’s not just crises of currencies. It’s crises of governance—across the globe—through currencies’ displacement or substitution. It’s not the disappearance of physical currencies. It’s the appearance of virtual ones that are tougher to trace and almost impossible to monitor and regulate. Bitcoin, and other crypto-currencies, fall into this category. Given their secrecy and lack of transparency, they can hold governments’ monetary, financial and economic policies to ransom. They can be used at will by mafia, terrorists, underworld, black marketers, smugglers and dope peddlers. Money can not only be hidden, but it can vanish too. Existing currencies can be attacked to undermine nation states. Democracy, economic freedom and globalization, as we know, are at risk. The 21st century wars will be fought in the virtual world—through the nanosecond computer wireless and fiber networks.
Bitcoin, and its crypto-competitors, are ideally placed to wage secretive and covert battles decimate economies and bring governments down to their knees. Even large corporates, like Reliance Jio are reportedly entering the market. Alam Srinivas reports

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gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.

Every month this niche market product reaches 56,000 individuals with a universe of more than 1,00,000 readers. Its exclusive audience consists of the men and women who lead the Indian Administrative Service (IAS), the Indian Foreign Service (IFS), the Indian Police Service (IPS), the Indian Revenue Service (IRS), Class I Union Services, as well as a host of Allied Services.

gfiles magazine edited by India's seniormost journalists who have made an intensive study of the reading preferences of decision makers and implementers in government services, the magazine—with substantial contributions from serving and retired officers—is uniquely designed to engage the bureaucrat's attention in the entire content. It has therefore been divided into sections according to the specific reading needs of this target audience. While these readers flip through newswpapers and general magazines, they read gfiles from page to page.

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gfiles magazine cuts through rumour mills and hearsay and helps India's civil servants reach out to one another, share and become acquainted with their issues, practical problems, everyday challenges and the intricacies of their working environment.